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It is part of the Philippines Department of Finance. The Bureau of Customs was established on February 6, 1902 by the Insular Government of the Philippine Islands when it was under control of the United States of America, during the American Colonial Era of the Philippines. [2]
The United States federal government nearly considered selling Mindanao to the German Empire in 1910. [15] Except for the brief interruption of the Japanese occupation between 1942 and 1945, the United States ruled the Philippines from 1898 to 1946, after which, the Philippines was granted independence after being devastated by the Second World ...
It also created the Foreign Trade Zone Authority (FTZA). In early 1972, three congressmen — Roman, Roces, and Sarmiento - sponsored the bill to convert the free trade zone authority into government corporation. This would grant the power of a corporation combined with the coercive strength of the Philippine Government to move the project ...
Foreign trade had amounted to 62 million pesos in 1895, 13% of which was with the United States. By 1920, it had increased to 601 million pesos, 66% of which was with the United States. [ 98 ] A health care system was established which, by 1930, reduced the mortality rate from all causes, including various tropical diseases , to a level similar ...
The pre-1935 U.S. territorial administration, or Insular Government, was headed by a governor general who was appointed by the president of the United States. In December 1932, the United States Congress passed the Hare–Hawes–Cutting Act with the premise of granting Filipinos independence. Provisions of the law included reserving several ...
The Bell Trade Act of 1946, also known as the Philippine Trade Act, was an act passed by the United States Congress specifying policy governing trade between the Philippines and the United States following independence of the Philippines from the United States.
During the latter years of the Arroyo presidency up to the Benigno Aquino III administration, the government managed foreign debts falling from 58% in 2008 to 47% of total government borrowings. According to the 2012 World Wealth Report, the Philippines was the fastest growing economy in the world in 2010 with a GDP growth of 7.3% driven by the ...
The Department of Trade and Industry (Filipino: Kagawaran ng Kalakalan at Industriya, abbreviated as DTI) is the executive department of the Philippine government responsible for the advancement, promotion, governance, regulation, management and growth of industry and trade.